News

ABU DHABI / WAM The Ministry of Economy (MoE), has organised a session which brought together more than 50 industry professionals, policy makers, representatives of universities, venture capital firms, various foundations and federal and local government organisations, to discuss the UAE’s innovation agenda. ‘Innovation@UAE’ aimed to provide stakeholders a platform for sharing their inputs on UAE’s innovation ecosystem, to identify ...

Dubai / WAM Dubai Design District (d3), today announced that it is gearing up to host the fourth edition of the region’s premier annual design event, Dubai Design Week. The upcoming edition is set to run in the Design Quarter from November 12-17. Following the success of last year’s event that drew the attendance of more than 60,000 people, Dubai ...

Dubai / Emirates Business As the busiest days of the travel calendar approach, travellers can ‘fly better’ with Emirates as well as enjoy a stress-free experience even before boarding their flight during the festive period with Home Check-in. With convenience in mind, customers in Dubai booking their travel across any class with Emirates can now take advantage of Home Check-in ...

Dubai / WAM Since its launch on November 11, 2014 through the end of September 2018, the Dubai Tram had served 20,879,564 passengers. Its 10.6-kilometre route connects 11 stations and has reduced the emirate’s carbon footprint by 81 percent. The Dubai Tram is the first tram project outside Europe powered by a ground-based electric supply system that extends along the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that being proactive in creating a better tomorrow is a priority for the UAE government. This approach guides the development of strategies and services for positively impacting people’s lives. “Advanced technologies and sciences are shaping the future. ...

Dubai / WAM The Dubai Land Department (DLD), opened a real estate promotion office in New York, in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of Majid Al Suwaidi, Consul-General of the UAE in New York. Sultan Butti bin Mejren, Director-General of DLD, and Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), has intensified its urgent relief aid efforts to the residents of the Red Sea Coast of Yemen since the start of October. The ERC previously declared a comprehensive plan to rebuild the Red Sea Coast, at a cost of AED107.1 million, which includes the restoration of a 143-kilometre international coastal road, ...

Dubai / WAM The Business Registration and Licensing (BRL) sector in the Dubai Department of Economic Development (DED) issued 1,898 new licenses during October 2018, an increase of 25.8% compared to September (1,509 licenses), as Dubai remained a destination of choice for investment in diverse business sectors. Among the new licenses issued, 62.1% were commercial, 35.5% professional, 1.4% related to ...

Bloomberg Buy high, sell low and guarantee a loss. It’s not exactly what Toshiba Corp planned when it dipped its toes in liquefied natural gas trading. Yet that’s exactly how it turned out, as the Japanese industrial giant capped off its five-year misadventure in LNG by paying ENN Ecological Holdings Co $806 million to take its interest in a US ...

Bloomberg The oil fields of West Texas don’t sit still for long. Take Carrizo Oil & Gas Inc.’s operations, for instance. Just three months after moving drill rigs out of the Permian Basin because of pipeline shortages, the Houston-based explorer is already talking about bringing them back in the middle of next year. That’s one of several signs the end ...